Sebi makes it easier for firms to list, exit biz

NEW DELHI: To safeguard investors of firms listed on non-operational bourses, the Securities and Exchange Board of India (Sebi) on Monday allowed such companies

NEW DELHI: To safeguard investors of firms listed on non-operational bourses, the Securities and Exchange Board of India (Sebi) on Monday allowed such companies to raise capital through the preferential allotment route to meet listing requirements. Besides, the regulator also issued a new framework to provide an exit mechanism to investors of such firms. The new directives come after exclusively listed companies of de-recognised, non-operational or exited stock exchanges have sought clarifications on raising further capital and the process of exit.

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